Dynamic Technology Lab Private Ltd acquired a new position in shares of MDU Resources Group Inc (NYSE:MDU) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 24,004 shares of the utilities provider’s stock, valued at approximately $688,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. acquired a new position in shares of MDU Resources Group during the 2nd quarter worth about $105,000. Clarus Wealth Advisors acquired a new position in shares of MDU Resources Group during the 2nd quarter worth about $108,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of MDU Resources Group during the 2nd quarter worth about $224,000. Itau Unibanco Holding S.A. bought a new stake in shares of MDU Resources Group during the 2nd quarter worth about $226,000. Finally, TLP Group LLC boosted its holdings in shares of MDU Resources Group by 268,566.7% during the 1st quarter. TLP Group LLC now owns 8,060 shares of the utilities provider’s stock worth $227,000 after buying an additional 8,057 shares during the period. Institutional investors own 63.98% of the company’s stock.

MDU has been the subject of several research analyst reports. KeyCorp lifted their target price on shares of MDU Resources Group from $29.00 to $30.00 and gave the stock a “$29.34” rating in a report on Thursday, July 19th. Citigroup lifted their target price on shares of MDU Resources Group from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $29.25.

Shares of MDU stock opened at $27.19 on Friday. The stock has a market cap of $5.37 billion, a P/E ratio of 21.75, a P/E/G ratio of 3.04 and a beta of 0.59. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 0.71. MDU Resources Group Inc has a 52 week low of $24.29 and a 52 week high of $29.62.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Tuesday, July 31st. The utilities provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). The company had revenue of $1.06 billion for the quarter. MDU Resources Group had a return on equity of 10.40% and a net margin of 6.45%. research analysts forecast that MDU Resources Group Inc will post 1.38 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Thursday, September 13th will be issued a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, September 12th. MDU Resources Group’s payout ratio is 63.20%.

About MDU Resources Group

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.

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Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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